New India – Global Leader in Manufacturing ?
India could be a Manufacturing Hub in coming Years. As a fact all are aware that India labor force is the world 2nd largest after CHINA. INDIA holds it place in the World’s fastest growing economies.
Nowadays, A normal life will be abnormal with out mobile, computers, internet. Everything behind this is TECHNOLOGY. IT gave us power to discover more. Right now it is possible for a 2 Year old kid to see the satellite view of the earth on a click of a mouse button in Google Map/Google Earth. We could talk/video chat to any person in the world with a simple login to SKYPE. No more slips we have carry in our pockets to drop it in bank door steps, you can do all in NETBANKING. Information Technology Era has changed the life of each and every human and as INDIANs we can proudly saw we are participating in the same sector to make life even simpler.
India has gained a mass face for IT/ITES/BPO and other back office processes, but we could also see more Foreign Direct Investments are flowing in for the MANUFACTURING/Mining/Power Generation.
For Ex: Chennai very famous for its IT presence has been witnessing FDI in Manufacturing. Chennai stands @ rank 2 in IT Exports after Bangalore of producing a GDP of 144, 214 crore during 2006-07. After recession Chennai faced JOB LOSSES in history majorly in IT/ITES sector. Later State Govt brought in more employment in Manufacturing, Power Generation[Wind, Solar, Nuclear].
Tamil Nadu state Govt revised the tax benefits and FDI in Manufacturing grown double in recent years, now Chennai is the base to around 30% of India’s automobile industry and 40% of its auto components industry. [9] A large number of automotive companies including Hyundai, Renault, Nissan Motors, Ashok Leyland, Daimler AG, Caterpillar Inc. , Komatsu Limited, Ford, BMW and Mitsubishi have manufacturing plants in Chennai.
The Ambattur-Padi industrial zone houses many textile manufacturers, and an SEZ for apparel and footwear manufacture has been set up in the southern suburbs of the city. Chennai contributes more than 50% of India’s leather exports.
Telecom and Electronics manufacturers based in and around Chennai include Nokia, Nokia Siemens, Motorola, Dell, Wipro, Zebronics, Foxconn and Siemens among others. Telecom giants Ericsson and Alcatel-Lucent, pharmaceuticals giant Pfizer and chemicals giant Dow Chemicals have research and development facilities in Chennai.
Well, how many of you people know that Coimbatore, Tamil Nadu is major gold jewellery manufacturing hubs in India? Each and every DELL Laptop, Samsung LCD TVs manufactured in Chennai are labeled as Made in INDIA and sold across ASIA PACIFIC region.
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22 Responses to New India – Global Leader in Manufacturing ?
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As our India is a developing country and through its continuous efforts it is successful to become a leader in the field of manufacturing.Indian are hardworking by nature and through their dedication towards their work they made our country to better stand in the race of growing economy to achieve their aim
Yes India is Emerging as a Global Leader in the field of Manufacturing but now the demand of time is to utilized Available resourses to make India more better in the various Fields.
good to hear this..as india is growing fast..it will be remarkable step in india’s growth..
its good to hear this…as india is growing it is a remarkable step in india’s growth..
India has done wonders in technical world and this is an another achievement of ours..
India, bieng a developing country now for so man years, is showing promising signs of bieng converted itself into a developed country. There are many sectors in which India is emerging itself into a global manufacturer and soon it will be a GLOBAL MANUFACTURER in most of the emerging trrends.
According to a survey by a mgazine it has been found that India is the most rapidly growing economy and will become a reputed IT hub in next 10-15 years.Because of number of development in many sectors India is still lagging behind many developed country in manufacturing and it is the responsibility of the private sector along with government to emphasize the weaker point to strengthen the economy more to compete in this globalisation era.
India will become the manufacturing leader soon as it has many global sources. Along with the field of manufacturing it is growing fast in the field of technology and marketing.
India is now the leader in the field of manufacturing of the certain items which are at large demand round the globe. Our nation has owned some places in the leadership as that posses by the developed countries. But even, India need more reforms and should establish itself at the top of the manufacturing and for achieving this we must more focused and dedicated to our aim.
Of course the Indians along with their country are making a speedy pace development in the manufacturing sectors as well.
In few more years, the Indian sub-continent will emerge as a globally leading manufacturer on the international platform. But the available resources need to be utilized wisely and harnessed in a properly channelized manner otherwise, the growing economy might make a way to become a depleting one due to the shortage of resources.
ya afcose it is a leader pertaining to its Technological,Industrial ,Economic growth…..But only if it is on the right direction and is dealt with the interest of the people…………as we live in a DEMOCRATIC Country…..where vested interest of all need to be given proper attention….
Resources must be routed properly – India is still having a lot of resources to be utilized and it must be properly routed. For instance electricity is wasted in many ways like electricity thefts, subsidy for electricity for farmers. These things can not be done when there is a scarcity of electricity. Therefore all the resources must be routed properly..so India can be Global Leader in Manufacturing..
work on internal strength should be done initially…then we need to think for other things
NEW INDIA-on one side defines its technological advancement and on the other side represents corruption.To whom should we rely on is still a question?
India will be able to became the globe leader of manufacturing soon.India is having the resources.
Its true that after independence we just lost our positions in the it market and at many other places. But now we are enough sourced in a number of sectors. It sector is one of them.
Tcs, wipro, satyam, HCL etc are the companies which put our nation’s pname at higher in it market..
India is growing fast in the fields of technology, marketing, manufacturing etc… We have maximum resources, machinery etc. Due to its immediate growth, one day India will be a global leader in manufacturing..
India, a country in South Asia with a population of more than 1.2 billion people, is the world’s largest democracy. Over the past two decades, with an influx of new money and new opportunities, India has become a rising global powerhouse. Even so, grinding poverty and corruption still persist.
It is the fact that INDIA is the second largest country which has the cheapest labour and available easily this proved INDIA in emerging as a leading country in manufacturing and it exports almost everything all round the world. So its been nice to see INDIA as an emerging manufacturing country.
I have to agree with you Rakhi Kumari, me too accept that India is very fastly developing, now we have all the resource, human power, research centres and they are working with the future viewed eye to create all the innovative and betterment products
i would like to add some serious notes with this as
1) Best Firewall producing companies are in India
2) The world 2nd ,4th,5th and 6th largest windmill producing companies are in India
3) Almost for all muti milliner company spare ports are exported from India
4) Mainly there are still the 5% food items are imported
as my point denotes that India is developing Technically, by the future scope, as per the necessary needs so India now can became a New leader in the global market
right step taken by India this will help it grow and flourish its wings all over the world…
We have a skilled labour & because of a huge population, the numbers are also very impressive.
We have the potential of providing manufacturing services at a grand scale as there are many of the needy youngsters who are ready to work with vigour.
Even small towns & villages possess great talent who master the science of manufacturing & have a good domestic market of their own.